Do manually, ONLINE CALCULATOR NOT NEEDED

omit online calc

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- N 2 LEARNING CURVES [7 POINTS] Shown below is manually calculated data for a 75% learning curve used in a manufacturing company (1) (2) Cost (3) (4) Cost for Y Cost for (5) (6) Cumulative for this Cumulative this Unit($) Cumulative Cumulative Units Unit (5) Cost ($) from on- Average Cost (5) line Cost(s) from on- calculator from on-line calculator calculator 616616 46210781 8,467 100 92 14,932 22,751 300 29,043 34,513 39,442 600 43,980 700 48217 800 39 52.212 200 52345 400 500 Fill in the columns (4), (5), and (6) using the on-line calculator (as shown in the class) using the Crawford Learning Curve Model. Observe and compare the costs shown in columns (2) and (3) with your calculated costs in columns (4) and (6) using the Crawford Model 5.2. What is the average cost per unit for the first 200 units? Show both - from the manual table and your on-line calculator. 5.3. How much did it cost to produce the 300 unit? From the learning curve theory, if production doubles to 200 units, the 200th unit should require only 75% of the 100 unit. Is that correct? Verity from the values shown in the manual table. 5.5. If you have already produced 100 units and you have a customer who wants to purchase another 100 units, what is the average cost per unit for that customer for the next 100 units (i.e. units 101-200)? 4 5.6. Sometimes, companies prefer to use hours rather than dollars. Assume in the table that the columns (2) and (3) represent hours rather than dollars. If the company has 1,500 hours of manufacturing available per month to go from 101 to 200 units of production, how many months will be required? 5.7. As they say in management: The steeper the curve, the easier the learning. Elaborate on this